“We believe in building equitable developments through our unique community transformation model anchored in three strategies: community organizing, real estate development, and community wealth building,” said ELACC President Isela Gracian at the groundbreaking ceremony. “With this development we are able to bring this model to the Rose Hills / El Sereno neighborhood, helping us reach our aggressive goal to double the people we touch annually from 6,000 to over 12,000 by our 25th anniversary next year.”

The project, located at 4208 E. Huntington Drive, will consist of a four-story building featuring 85 residential units, 2,500 square feet of street-level retail space, and a 68-car garage.

Plans call for a mix of studio, one-, two-, and three-bedroom apartments reserved for households earning at or below 30, 50, and 60 percent of the area median income. Rents at the Rosa de Castilla development will range between $509 and $1,512 per month, according to a staff report to the California Tax Credit Allocation Committee.

FSY Architects is designing the contemporary low-rise structure, which would provide open space in the form of a garden and hiking trail built into a hillside at the back of the property.

The non-profit organization New Directions for Veterans has been tapped to provide on-site supportive services to residents.

Completion of the $45-million development is anticipated in Fall 2020.